Raleigh Business Litigation Attorney

Liens

A lien is a claim against specific property that comes from an individual or a business who is owed a debt, usually a debt related to some kind of property.  Sometimes called a "security interest," a lien may be consensual, meaning that the person owning the property agreed to having a lien against it.  A lien may be involuntary, meaning that the lien was created either by a governmental entity or by a person authorized to create a lien by law.

A lien accomplishes three things: First, it prevents the owner of the property from selling or transferring the property unless the lien is paid or addressed; second, if the lien is not paid voluntarily, the lien enables the person claiming the lien to undertake foreclosure of the lien and sell the property to pay the lien claimant's debt; and third, the lien establishes priorities among competing creditors who claim an interest in the property against which the lien has been claimed.

Raleigh Liens Lawyer

There are many different types of liens, and the legal rules for each different type of lien are all different. For this reason, it is important to have a Raleigh business litigation attorney to help you with the process.  The claim of lien must be properly prepared and recorded in a timely fashion. It is usually recorded with the county recorder's office where the property is located in the case of real estate, or in the Secretary of State's office in the case of property other than real estate. In addition, the lien claimant must make reasonable efforts to give notice of the lien to the owners of the property, and sometimes others who have an interest in the property.  A Raleigh business lawyer from our firm will help you with all the aspects of a lien and will provide you with unyielding legal support until the matter is resolved.

For help with a lien, contact a Raleigh Business Litigation Lawyer at the Law Office of Michael W. Hopper!